Retirement plan

HERITAGE VALLEY HEALTH SYSTEM 401(K) PLAN

Name: HERITAGE VALLEY HEALTH SYSTEM - HERITAGE VALLEY HEALTH SYSTEM 401(K) PLAN (2020) Form 5500
Creator: HERITAGE VALLEY HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERITAGE VALLEY HEALTH SYSTEM 401(K) PLAN, HERITAGE VALLEY HEALTH SYSTEM

HERITAGE VALLEY HEALTH SYSTEMEIN 25-1441518Plan #007PY 2020

420 ROUSER ROAD, SUITE 102 - MOON TOWNSHIP, PA 151083090412-749-7789heritagevalley.orgLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$107.1M

+9.0% from 2019

Total participants

1,327

+3.6% from 2019

Average account balance

$105,277

+12.4% from 2019

Annual return

13.43%

-11.38 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$141.76M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$127K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,120

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

58.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$105

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$91,830
ONEDIGITAL INVESTMENT ADVISORS LLC6+ years Filed as: RETIREMENT RESOURCES INVESTMENT GRO Service code 27 · EIN 04-3464764	Advisory (Plan)	$30,000
TD AMERITRADE, INC.4 years Service code 33 · EIN 82-0543156	Securities brokerage; Direct payment ...	$450

Plan features & details

Pension benefit codes2E3D2G2J2K2R2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$122K

$124 / participant

Investment mgmt$30K24.5%
Contract admin$92K75.1%
Other / not subdivided$4500.4%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ARNETT CARBIS TOOTHMAN LLP
Auditor EIN: 550486667
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,277

$52,293+101.3%

$178,499-41.0%

$73,412+43.4%

Participation rate

68.7%

65.3%+3.3pp

81.9%-13.3pp

72.2%-3.5pp

Annual return

13.43%

34.75%-21.3pp

151.10%-137.7pp

59.30%-45.9pp

Employer contribution / active EE

$2,418

$1,735+39.3%

$5,011-51.7%

$2,234+8.3%

Participant deferral / active EE

$4,858

$2,332+108.3%

$5,202-6.6%

$3,806+27.7%

Admin fee / account holder

$120

$127-5.6%

$13,986-99.1%

$158-23.8%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$91,830

ONEDIGITAL INVESTMENT ADVISORS LLC6+ years

Filed as: RETIREMENT RESOURCES INVESTMENT GRO

Service code 27 · EIN 04-3464764

Advisory (Plan)

$30,000

TD AMERITRADE, INC.4 years

Service code 33 · EIN 82-0543156

Securities brokerage; Direct payment ...

$450

HERITAGE VALLEY HEALTH SYSTEM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERITAGE VALLEY HEALTH SYSTEM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion